Algebra for College Students
Algebra for College Students
10th Edition
ISBN: 9781285195780
Author: Jerome E. Kaufmann, Karen L. Schwitters
Publisher: Cengage Learning
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Chapter 11.CR, Problem 36CR

Sara invested $2500, part of it at 4% and the rest at 6% yearly interest. The yearly income on the 6% investment was $60 more than the income on the 4% investment. How much money did she invest at each rate?

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Derrick invested some money at 2.25% simple interest and $1,000 less than twice this amount at 1.5%.  His total income from the interest was $510.  How much was invested at each rate?
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Nina receive an inheritance of $12500 from her grandmother. She invested part of it at 5% interest, and she invested the remainder at 8%. If the total yearly interest from both investments was $960, how much did she invest at each rate?

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